At a Glance
Average Property Price - GL14
£270,777
34
National percentile
Average Monthly Rent - GL
£1,082
58
National percentile
Average Net Household Income - GL14
£34,899
31
National percentile
Flat / Maisonette Yield - GL
5.0%
21
National percentile
10-Year Annualised Price Growth - GL14
4.2%
73
National percentile
10-Year Annualised Rent Growth - GL
4.2%
65
National percentile
Property Price & Volume Trends
The average property price of £271,000 sits below the national average. Over the past decade, prices have grown at 4.2% annually—a pace notably faster than most UK markets. Transaction activity has slowed: 172 sales in the latest year compared to an historical average of 226 per year, suggesting a tightening in the market.
Rent & Yield Trends
Average monthly rents of £1,082 are close to the national midpoint. Rental growth over ten years has averaged 4.2% per annum, in line with faster-growing areas nationally. The flat yield currently stands at 5.0%, up from a 10-year average of 4.1%, indicating an improving return environment for landlords.
Income & Affordability Trends
Average household income of £35,000 is notably below the national average. The price-to-income ratio has widened to 8.0x from 6.7x in 2016, showing that properties have become less affordable relative to local earnings. Rental affordability has also weakened: the rent-to-income ratio has risen to 27.3% from 26.1% over the same period, indicating growing pressure on renters' budgets.
Resident Demographic Profile
The population is notably older than the national average, with over 60% aged 50 and above compared to 39.4% nationally. Outright home ownership is strong at 39.4% versus 33.7% nationally, reflecting a mature demographic profile. The employment mix is distinctive: trades workers represent a significantly higher share (16% versus 10.5% nationally), while professional roles and managers are less represented than average. Caring occupations are also notably above the national average at 13.3%.